Economics

Grassroots or grasstops: your call ... your gamble

Article Abstract:

The success of an economic development project often relies on the ability of its backers to elicit grassroots support. Several economic development projects fail to succeed despite overwhelming support coming from community leaders, also called grasstops support, mainly because majority of the community members do not support such projects. Eliciting grassroots support through consultation also helps in gaining knowledge regarding the attitude of the community towards a planned economic development project.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Project management, Social networks

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The university and existing business development: the case of the University of Northern Iowa and Collis Tool Corporation

Article Abstract:

Supports from schools for higher education are instrumental in the success of local community development efforts. The University of Northern Iowa's Market Development Program is a classic example of this kind of support. Applied in January 1994 at Iowa's Collis Tool Corp, the program improved the company's distribution system. The company improved particularly on its private-label market which resulted in more than $5 million in product sales for 1997.

Determining economic impacts for a community

Article Abstract:

An alternative approach to economic impact assessment of businesses presents the effects of economic development projects within a community. Application studies on the tourism industry reveal program choices that can be adopted to boost community tourism. The approach determines the scope, decisions, details, assumptions, limitations, information, impact areas and analysis of alternative plans needed to assess business opportunities.